BHEL bags Rs 10,800 cr order from NPCIL

Sep 01, 2021

''BHEL secures largest ever order worth Rs 10,800 Crores from NPCIL for EPC of Turbine Island for 6 units of 700 MWe," it said

100% FDI under automatic route in oil, gas PSUs

Govt permits 100% FDI in oil, gas PSUs approved for strategic disinvestment

Jul 30, 2021

The Department for Promotion of Industry and Internal Trade (DPIIT) said in a press note that a new clause has been added to the FDI policy for the sector

LIC sold shares worth around Rs 20,000 crore in the first quarter of FY22, making a profit of over Rs 10,000 crore

IPO-bound LIC books record Rs 10,000 cr stock market profit

Jul 16, 2021

The state-run insurer is the biggest domestic investor in Indian markets, purchasing shares worth Rs 94,000 crore in FY21 to hit a total stock market investment of Rs 8 lakh crore at the end of the fiscal year

Currently, BPCL has more than 8.4 crore domestic LPG customers, including 2.1 crore Ujjwala customers

Centre seeks legal view to allow BPCL sell subsidised LPG post stake sale

Jul 11, 2021

A legal opinion has been sought by the Centre to ascertain if privatised BPCL will be eligible to receive liquefied petroleum gas (LPG) produced by companies such as ONGC and GAIL

As part of a slew of changes being undertaken ahead of the state-run insurer's mega IPO (initial public offer), LIC will now have a chief executive officer (CEO) and managing director (MD)

IPO-bound LIC chairman M R Kumar to complete his tenure; post to be phased out gradually

Jul 10, 2021

The development comes even as the Centre has done away with the position of chairman at the state-run insurer. The chairman's position at LIC would be renounced over a period of time

Public sector banks to raise Rs 25,000 crore by April: Finance Secretary

Dec 20, 2020

RBI Governor Shaktikanta Das has been advising banks to proactively raise capital and not wait for a difficult situation to arise due to the ongoing COVID-19 crisis

Centre mulling FDI policy tweak to facilitate BPCL privatisation

May 28, 2021

The government is privatising BPCL and is selling its entire 52.98 per cent stake in the company

Saurabh Garg appointed UIDAI chief, Sanjeev Kumar to be AAI head

Mar 26, 2021

Senior IAS officer Saurabh Garg has been appointed as the chief executive officer of the Unique Identification Authority of India (UIDAI)

Progress on BPCL privatisation but little info on potential restrictions for new owner: Fitch

Mar 19, 2021

The government is selling its entire 53.98 per cent stake in India's second-largest fuel retailer Bharat Petroleum Corporation Ltd (BPCL)

Former chief statistician of India Pronab Sen

Privatisation of central PSEs during recession a 'horrible idea', says Pronab Sen

Feb 18, 2021

Former chief statistician Pronab Sen said that even though India's fiscal deficit will go up from 3.5 per cent to 9.5 per cent in the current fiscal ending March, but in terms of the current year's expenditure, the country is pretty much at status quo

Govt to infuse fund in Oriental Insurance, National Insurance and United India Insurance

Govt to infuse Rs 3,000 crore capital in PSU general insurers this quarter

Feb 14, 2021

The proposal to provide capital support to three public sector general insurance companies - Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL) - has already been approved by the Union Cabinet last year